Turmeric On NCDEX Settled Flat

Turmeric on NCDEX settled flat on account of expectations of increasing production in coming harvesting season from the producing belts. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions. Prevailing high prices encouraged farmers to plant more turmeric this year. Expectations of increasing production in coming harvesting season and lowering export demand in recent months are putting pressure on turmeric prices at higher levels.